| (2) |
A juristic person may apply to the Authority for an exchange licence in respect of one or more types of securities. |
| (3) |
An application for an exchange licence must— |
[Section 7(3)(a) substituted by section 290, item 9(a) of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]
| (b) |
show that the applicant complies with the requirements listed in section 8; |
| (i) |
a copy of the proposed exchange rules that must comply with section 17; |
| (iii) |
a copy of the founding documents of the applicant; |
| (iv) |
such information in respect of members of the controlling body of the applicant as may be prescribed by the Authority; |
[Section 7(3)(c)(v) substituted by section 290, item 9(b) of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective date 1 April 2019 (Notice No. R. 99, GG 41433, dated 9 February 2018)]
| (d) |
be supplemented by any additional information that the Authority may reasonably require. |
| (a) |
The Authority must publish a notice of an application for an exchange licence in two national newspapers at the expense of the applicant, and on the Authority's website. |
[Section 7(4)(a) substituted by section 290, item 9(c) of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]
| (b) |
The notice must state— |
| (i) |
the name of the applicant; |
| (ii) |
that the proposed exchange rules and listing requirements are available on the website of the Authority for comments from members of the public; and |
| (iii) |
the period within, and the process by, which objections to the application or rules and listing requirements may be lodged with the Authority. |
[Section 7(4)(b)(ii) and (iii) substituted by section 290, item 9(d) of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]
| (c) |
The Authority must publish the proposed exchange rules and listing requirements referred to in paragraph (b)(ii) on the Authority's website. |
[Section 7(4)(c) inserted by section 290, item 9(e) of Schedule 4, of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017), Notice No. 853, GG 41060, dated 22 August 2017 - effective 9 February 2018 (Notice R. 99, GG 41433, dated 9 February 2018)]
National Environmental Management Act, 1998 (107 of 1998)
